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Adani Land Defence Systems Acquires PLR Systems

Adani Land Defence Systems and Technologies Ltd has acquired 51 percent stake in PLR Systems from Fouraces Systems on September 10, 2020 in an all-cash transaction. Incorporated in 2013, PLR System is engaged in manufacturing and supply of indigenously built defence equipment to the Armed Forces for the domestic and export markets. Israeli defence manufacturer IWI holds 49% stake in the company.

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